ANGELICA BALLESTEROS, TMT

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INVESTORS went on a buying binge Wednesday, positive that existing geopolitical jitters would not affect the Philippine market, and lifted the benchmark PSEi back to the 8,000 level. Despite the perceived risks in key event in major economies, investors resumed to take long positions, Regina Capital Corp. Managing Director Luis…

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AYALA-led Bank of the Philippines Islands (BPI) said on Wednesday it has appointed Ma. Cristina Go as the new president of BPI Family Savings Bank, effective June 1 of this year. Go will take over the post previously held by Natividad Alejo, who is now appointed chairman of the company’s…

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SHARE prices fell Tuesday as profit-taking set in after the benchmark PSEi breached the 8000-point level on the heels of marginal losses overnight on Wall Street. “The market today just followed the softness of the US market, but technically continues to consolidate, though with an upside direction,” Summit Securities Inc.…

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As IC mulls placing pre-need firm under conservatorship UNITED Coconut Planters Bank (UCPB) on Tuesday refuted reports that it was negligent in protecting the trust fund of pre-need firm Provident Plans International Corp., which the Insurance Commission (IC) is reportedly considering to put under conservatorship. In a report by the…

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ASIA United Bank Corp. said on Tuesday it has secured an “Aaa” credit rating from Philippine Rating Services Corp. (PhilRatings) for its highly experienced management and satisfactory funding profile, among others. In a disclosure to the Philippine Stock Exchange (PSE), AUB said PhilRatings also based its ratings on expectations that…

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CONSUNJI-LED DMCI Holdings, Inc. said on Tuesday it is spending around $340 million (P16.84 billion) this year for the establishment of cement production facilities in line with the company’s vision to enter the cement business. In a disclosure to the Philippine Stock Exchange (PSE), DMCI Holdings Chairman and President Isidro…

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AC Industrial Technology Holdings, Inc., a wholly-owned subsidiary of conglomerate Ayala Corp., said on Monday it has acquired a 94.9 percent stake of German-based automotive supplier MT Misslbeck Technologies GmbH for 26.8 million euros (P1.49 billion). The acquisition was made through AC Industrials (Singapore) Pte. Ltd., and will be subject…

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